- A self-directed IRA (SDIRA) allows for unlimited access and control over investments, including alternative assets like real estate. The IRS requires an administrator to process paperwork and keep the account in good standing.
- The Entrust Group is a popular SDIRA administrator that provides account administration and recordkeeping services. SDIRAs function the same as regular IRAs but allow for a wider variety of assets to be held in the account. The Entrust Group is one of many administrators available to manage an SDIRA, as the account holder is responsible for managing their own investments.
- The article provides information on investment companies and recommends The Entrust Group as one of the top options. The Entrust Group specializes in investing strategies and offers free learning materials on alternative investments, as well as administrative and custodial services for self-directed IRA accounts. The company also manages Education Savings Accounts (ESA) and Health Savings Accounts (HSA).
- The Entrust Group is regularly examined by regulatory bodies to ensure compliance with state and federal banking regulations. The company was founded by Hubert Bromma, who has expertise in real estate, mergers and acquisitions, financial institution consulting, and alternative investments. The company has highly networked systems of dedicated local offices.
- Assets under management: $3.6 billion. Company size: 56 employees. Number of clients: 22,000. History: founded in 1982, incorporated in 1992, ended franchise program in 2012, launched dedicated office and website for precious metals in 2012, partnered with SavedPlus app in 2014, launched IRA Academy Event in 2016, integrated eMoney Advisor in 2017, opened dedicated trust company in 2018. Services: standard functionality associated with Self Directed IRAs, account administration services, preparation and submission of required forms to the IRS. Unique services: ongoing educational programs through IRA Academy, regional office support in Santa Monica, Oakland, Nashville, and Hackensack, B2B programs for financial planners and businesses encouraging private investment, increased client support including marketing and branding opportunities. The Entrust Group charges a $150 yearly record-keeping fee, but does not cover any storage or depository costs. Clients must arrange their own storage option as the firm does not partner with depositories.
- The Entrust Group is a company that offers account administration for tax-advantaged plans and self-directed retirement accounts. They have over four decades of experience in the industry and currently service 45,000 clients across the nation. The company has around $4 billion in assets under administration and offers retirement plans for both individuals and businesses, including Roth IRAs, SEP IRA’s, and Simple IRAs. They have more physical branch locations than any of their rivals in the self-directed IRA administration and custodian business.
- Entrust is a like a family and the current management cares about employees. Employees work together well and feel supported by their supervisors. Great benefits, including a gym membership, monthly birthday luncheons, and company events. Recent shifts have opened up more personal and professional growth opportunities for employees. Positive trajectory in enhancing company culture and employee satisfaction.
Overview of The Entrust Group
For those looking to have more control over their retirement investments, self-directed IRAs provide a distinct path to financial independence. In this section, we will explore the definition and advantages of self-directed IRAs, as well as the significant disparities between them and traditional IRAs. Drawing on information from The Entrust Group Review, we will discover how self-directed IRAs enable investors to make their own judgments and achieve their retirement targets on their own conditions.
Definition and Benefits of Self-Directed IRAs
Self-directed IRAs are growing in popularity with investors. They offer more investment options than traditional IRAs. Investing in real estate, private equity, and precious metals is now possible. Self-directed IRAs give investors more control over their investments and the potential for higher returns.
However, self-directed IRAs also bring more responsibility. Investors must follow IRS rules and keep accurate records of their investments. The Entrust Group provides help with this. They offer account administration, educational resources, investment strategies, and savings accounts. Plus, they have regional office support and business-to-business programs.
When considering a self-directed IRA, investors should research The Entrust Group’s annual record-keeping fee and storage options. User reviews may be limited, so their customer service quality may be uncertain.
In conclusion, self-directed IRAs give investors more control over their investments. With The Entrust Group, investors can confidently manage their investments and increase their returns.
Pros and Cons
✅ The company’s assets exceed $4 billion, making it a major and prominent finance-based company.
✅ It has several locations across the country. This not only gives them an advantage over their competition, but it also streamlines service delivery.
✅With over three decades of financial experience, The Entrust Group is the right partner for anyone looking for IRA-related services.
✅The company has a referral program in which an Entrust client who successfully suggests a consumer receives a $50 initial balance waiver and credit.
❎ Customers must organize their own storage because the company does not work with depositories.
❎ Entrust Group does not provide legal or financial advice.
❎ The company’s annual fee of $150 does not cover depository charges.
Differences between Traditional and Self-Directed IRAs
When it comes to retirement planning, two account options to think about are traditional IRAs and self-directed IRAs. These two versions have huge differences in investment possibilities, administrative functions and control.
Traditional IRAs only let you invest in stocks, bonds, mutual funds, ETFs, CDs and annuities. Self-directed IRAs, on the other hand, give you a wider range of possibilities, including real estate, private equity, precious metals and crypto. Traditional IRAs are managed by a custodian who chooses your investments. Self-directed IRA account owners can be trustees or hire one.
Both accounts let you make tax-deductible contributions and have deferred earnings until you withdraw them. Self-directed IRAs may have higher fees and admin charges because of their special assets. It’s important to remember that there are restrictions against transactions involving people close to an IRA holder, such as family members or business entities. Forbes states that only 5% of IRA accounts in the USA are self-directed.
The Entrust Group Overview
The Entrust Group is a self-directed IRA provider that offers investors an alternative to traditional stocks and bonds for their retirement accounts. The company was founded by Hubert Bromma and this section provides an overview of its history.
In terms of regulatory body examinations, the company has a good track record.
Hubert Bromma and The Entrust Group History
Hubert Bromma is the founder and CEO of The Entrust Group. This reputable company has been providing self-directed IRA services to clients for over four decades. Bromma saw the need for alternative investment options for IRA account holders and founded The Entrust Group in 1981. Under his leadership, it has become one of the leading self-directed IRA administrators in the US.
Bromma’s vision was to give IRA account holders choice and control over their retirement investments. This enabled them to take advantage of more than just traditional stocks and bonds. Clients and regulators have recognized this unique approach.
Hubert Bromma is an author of several books on real estate investment and short-term rentals. He also educates people on self-directed accounts via free webinars.
The Entrust Group stands out for its focus on education and knowledge sharing. It provides content and resources on non-traditional investments, enabling IRA holders to make informed decisions about their retirement assets. The primary goal of the company is excellent client service while maintaining regulatory compliance.
Services Offered by The Entrust Group
The Entrust Group is proud to be a self-directed IRA custodian! We undergo regular regulatory body examinations. These are essential to make sure we meet all legal and industry standards. Every examination shows we are dedicated to following relevant laws and regulations.
We believe regulatory exams are key to gaining trust from clients and investors. It shows we are doing our best to protect their investments. This is how we do business!
In addition to exams, we have extra safeguards in place. We review account activity, do employee background checks, and use encryption technologies to protect client data.
If you’re looking for a self-directed IRA custodian with strong standards, choose The Entrust Group. Our commitment to regulatory compliance and security is unbeatable. Invest with confidence–choose The Entrust Group now!
Services Offered by The Entrust Group
Looking for a comprehensive range of services to help navigate your financial future? Look no further than The Entrust Group. This organization offers a variety of services, including account administration, investment strategies, and educational resources, all of which are factually accurate and beneficial for planning your financial future. Whether you’re interested in education savings accounts or health savings accounts, with The Entrust Group, you can trust that you are in capable hands.
Account Administration and Record Keeping
Entrust Group is an expert in providing top-notch account administration for self-directed Individual Retirement Accounts (IRAs). They provide comfort knowing that swift and exact transactions are being overseen by a reliable team.
Their services include annual valuation, asset transfers, distribution processing, and beneficiary updates. To stay compliant, Entrust follows strict procedures, leaving no detail unnoticed. Plus, they keep accurate account activity records, so investors have detailed information about their investments easily available.
A unique feature of Entrust is their innovative digital platform. It allows clients to access accounts quickly and securely. Entrust’s high-tech platform ensures transactions are precise and correct. Additionally, they provide educational resources to give investors insight into self-directed IRAs.
To sum up, Entrust’s dependable account administration and record-keeping services make managing a self-directed IRA convenient for investors. With their advanced digital platform and experienced staff, Entrust is the perfect choice for those seeking to manage their IRA accounts efficiently.
The Entrust Group is devoted to giving their clients the right resources to make smart investment choices and oversee their self-directed IRA accounts. They offer a variety of educational materials on investment strategies, market trends, and regulation guidelines.
These resources come in different forms like webinars, podcasts, e-books, articles, seminars, and interactive online sessions. Experienced advisors provide personalized guidance through emails or phone calls.
They also offer a Knowledge Center, where clients have access to information regarding different assets they can invest in using their self-directed IRA. This includes private equity, real estate investments, and other alternatives that traditional IRA firms may not offer.
Clients can combine these resources and services with their retirement goals for informed decisions and a diversified portfolio. Start increasing your returns now with The Entrust Group’s investment strategies for your self-directed IRA.
The Entrust Group offers Self-Directed IRAs to investors. These permit them to pick from various investment options, such as real estate, private equity, and precious metals. Plus, traditional options, like stocks and bonds.
To assist with informed decisions, The Entrust Group provides an Investor Insights portal. It has educational resources on investment strategies, tailored to individual goals and risk tolerance. They have expertise in various asset classes, including real estate and cryptocurrency investing.
They offer services like research capabilities and simple integration with industry partners. These include investment sponsors, broker-dealers, financial advisors, and trustees. They provide personalized face-to-face interactions and specialized support in offices throughout the US.
Since 1981, they’ve served over 60,000 clients across the nation. Overseeing more than $30 billion in alternative assets. Their goal is to provide superior Self-Directed IRA services, that can meet the investment needs of many investors.
Education Savings Accounts and Health Savings Accounts
The Entrust Group offers clients Education Savings Accounts and Health Savings Accounts. These accounts provide individuals with complete control of their investments, with higher contribution limits that finance long-term plans.
The Entrust Group also provides a Coverdell ESA investment option. Account holders can invest in assets such as stocks, bonds, mutual funds, or CDs instead of cash-based investments. Similarly, HSAs provide numerous investment options under self-directed retirement accounts.
Clients have more control with flexible contribution/withdrawal options available under both ESAs and HSAs. The Entrust Group provides an online platform where individuals can view distributions credited by a third-party administrator. Portfolio optimization algorithms are also available, helping investors align their portfolio risk with personal preferences for maximum returns, while keeping affordability in mind. With expert financial advisors at The Entrust Group, clients can achieve their long-term objectives.
The Entrust Group is a reputable administrator of self-directed IRAs that has experienced significant growth over the years. In this section, we will examine the company’s size and client base, providing insights into their Assets Under Management, number of employees, and client base. Additionally, we will touch upon their promising expansion plans that should not be overlooked.
Advantages and Unique Services
The Entrust Group provides various advantages and unique services to its clients, including account setup and management, regional office support, and B2B programs. The company empowers clients to take control of their investments by offering resources and educational materials to help them make informed decisions.
Standard and Unique Services offered by The Entrust Group
The Entrust Group offers various services to its clients. Standard services include account admin and record-keeping that follows all regulations. Clients can also benefit from educational resources such as webinars, newsletters and courses. Investment strategies cover a range of asset classes.
For something unique, The Entrust Group offers ‘MyDirection’, an online portal to manage accounts with real-time access. Another service is ‘EquityTrust Connect’ connecting clients with third-party trading platforms. Clients can also set up ESAs and HSAs with The Entrust Group.
The Entrust Group has regional offices nationwide. Clients can receive guidance regarding self-directed investment opportunities in their region. Record-keeping fees range from $200-$275 each year, depending on conditions. Before deciding if The Entrust Group is suitable, investors should do their due diligence. No user reviews on public websites are available to assess rates and customer satisfaction.
Regional Office Support and B2B Programs
The Entrust Group provides outstanding services to those looking for ways to connect clients to self-directed IRAs. Backed by corporate offices, regional offices and partner firms get direct access to exceptional support. The company is proud to support regional offices and partner firms with a team of professionals who work with corporate employees.
The regional office support program is tailored to both new and experienced businesses. This program offers legal guidance, regulatory insight, educational seminars, and technical help with account management. The Entrust Group even has a division solely devoted to serving regional office partners.
Their B2B programs are specially designed for financial institutions like banks and credit unions. These institutions can now offer self-directed IRA administration services through custom programs created for their specific needs. Plus, The Entrust Group puts sections on each company’s website so customers can get info about IRAs.
The Entrust Group has unique services such as real estate investment strategies and cryptocurrency transactions in an IRA, making them one of the top market leaders in the industry. They also have exclusive webinars for clients and business partners who sign up.
For new clients, The Entrust Group website has many resources, including guides, tutorials, and access to certified finance professionals for advice. Through programs like regional office support and B2B programs, The Entrust Group is a reliable leader in the self-directed IRA sector.
Final Thought – The Entrust Group
The Entrust Group is a great option for self-directed IRA administration. They provide diverse investment options, like real estate, precious metals, and private equity. Plus, they have helpful educational resources, support, and transparent fees.
This company has been around since 1981, and they have a stellar reputation. The experienced team provides excellent customer service, and their online platform is easy to use. You can effortlessly manage your investments and stay informed about your account.
We think The Entrust Group is an awesome choice for self-directed IRA administration. It’s perfect for those looking for unique investment opportunities. Check it out!
Five Facts About The Entrust Group Review:
The Entrust Group is a self-directed IRA administrator that provides account administration and recordkeeping services, allowing for unlimited access and control over investments, including alternative assets like real estate. (Source: Wealth of Geeks)
The company offers free learning materials on alternative investments, as well as administrative and custodial services for self-directed IRA accounts, including Education Savings Accounts (ESA), Health Savings Accounts (HSA), Roth IRAs, SEP IRAs, and Simple IRAs. (Source: BMO Global Asset Management and Gold IRA Guide)
The Entrust Group has over 4 decades of experience in the industry and currently services 22,000 clients across the US with over $3.6 billion in assets under management. (Source: Self-Directed IRA Reviews)
The company has more physical branch locations than any of its rivals in the self-directed IRA administration and custodian business. They charge a $150 yearly recordkeeping fee but do not cover any storage or depository costs. Clients must arrange their own storage option as the firm does not partner with depositories. (Source: Gold IRA Guide)
The Entrust Group is regularly examined by regulatory bodies to ensure compliance with state and federal banking regulations. The company was founded by Hubert Bromma, who has expertise in real estate, mergers and acquisitions, financial institution consulting, and alternative investments, and they have highly networked systems of dedicated local offices. (Source: BMO Global Asset Management)
FAQs About The Entrust Group Review
What is The Entrust Group and what services do they offer?
The Entrust Group is a company that offers account administration and recordkeeping services for tax-advantaged plans and self-directed retirement accounts. They have over four decades of experience in the industry and currently serve 22,000 clients across the nation. They offer retirement plans for both individuals and businesses, including Roth IRAs, SEP IRAs, and Simple IRAs. They also specialize in alternative investments such as real estate, precious metals, and cryptocurrency.
What sets The Entrust Group apart from other SDIRA custodians?
The Entrust Group offers many unique services including ongoing educational programs through IRA Academy, support from dedicated regional offices in Santa Monica, Oakland, Nashville, and Hackensack, and B2B programs for financial planners and businesses encouraging private investment. They also have more physical branch locations than any of their rivals in the self-directed IRA administration and custodian business.
What are the pros of using The Entrust Group as an IRA custodian?
Some of the pros of using The Entrust Group as an IRA custodian include their over four decades of experience, their many unique services, and their highly networked systems of dedicated local offices. They also have over $3.6 billion in assets under management, making them one of the largest SDIRA custodians. Additionally, they offer a wide range of retirement plans and investment options, including real estate, precious metals, and alternative assets.
What are the annual fees for using The Entrust Group as an IRA custodian?
The Entrust Group charges a $150 yearly record keeping fee, but does not cover any storage or depository costs. Clients must arrange their own storage option as the firm does not partner with depositories.
What is the IRA contribution limit when using The Entrust Group?
The IRA contribution limits when using The Entrust Group are the same as regular IRAs. For 2021, the contribution limit for those under 50 is $6,000, and for those 50 and over, it is $7,000.
What is the experience like working at The Entrust Group?
According to employee reviews on Glassdoor, working at The Entrust Group is like being part of a family, and the current management cares about employees. Employees work together well and feel supported by their supervisors. The company offers great benefits, including a gym membership, monthly birthday luncheons, and company events. Recent shifts have opened up more personal and professional growth opportunities for employees, and there is a positive trajectory in enhancing company culture and employee satisfaction.